objectives show that, at the point of maximum profit, marginal revenue equals marginal cost. show...
TRANSCRIPT
ObjectivesShow that, at the point of maximum profit, marginal
revenue equals marginal cost.Show that, at the point of maximum profit, the slope of
the marginal revenue curve is less than that of marginal cost.
Maximize profits of a firm with and without price discrimination in different markets.
Show that, at the point of maximum average product of labour, average product of labour equals marginal product of labour.
5/6/2013 2
The previous section demonstrated how mathematics can be used to optimize particular economic functions. Those examples
suggested two important results:
5/6/2013 3